TSXV: MTA
NYSE AMERICAN: MTA
VANCOUVER, BC, Feb. 21,
2025 /PRNewswire/ - Metalla Royalty &
Streaming Ltd. ("Metalla") or ("Company") (NYSE
American: MTA) (TSXV: MTA) is pleased to announce that Beedie
Capital ("Beedie") has increased their equity position in
Metalla with the issuance of 412,088 common shares of Metalla (the
"Shares") on February 4, 2025.
As previously announced by the Company, on January 13, 2025, Beedie elected to convert
C$1.5 million of the accrued and
unpaid interest under the existing convertible loan facility
between Metalla and Beedie (the "Loan Facility") into
412,088 Shares at a conversion price of C$3.64 per Share, being the closing price of the
Shares on the TSXV on January 13,
2025. Following the interest conversion, Beedie now owns
approximately 10.3% of the issued and outstanding Shares.
Additionally, on January 31, 2025,
the Company made a payment of C$2.0
million to Beedie to reduce all unpaid and accrued fees and
interest under the Loan Facility to $Nil as of the payment date. As
at January 31, 2025, taking into
account the conversion and payment discussed above, the Company had
C$16.4 million outstanding under the
Loan Facility with a conversion price of C$6.00 per Share, and had C$30.9 million available under the Loan Facility
with the conversion price to be determined on the date of any
future advances.
ANNUAL EQUITY GRANT
Effective February 20, 2025,
Metalla completed its 2024 annual equity grant in accordance with
the Company's share compensation plan. Metalla has granted an
aggregate of 525,788 restricted share units (each "RSU") and
an aggregate of 955,000 stock options ("Options") to certain
directors, officers, consultants, and employees of the Company. The
RSUs and Options vest in two equal installments, twelve and
twenty-four months from the date of grant. Each vested RSU will
entitle the holder to receive one Share and each vested Option will
entitle the holder to acquire one Share at an exercise price of
C$4.41 for a period of five
years.
ABOUT METALLA
Metalla is a royalty and streaming company with leveraged
exposure to gold, silver, and copper. We offer investors a
peer-leading growth profile with best-in-class operators and
jurisdictional exposure focused on North
America, South America, and
Australia. Metalla is led by an
experienced management team that has acquired over 100 royalties
completing 32 value accretive transactions over 8 years.
For further information, please visit our website at
www.metallaroyalty.com.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath"
Chief Executive Officer
Website: www.metallaroyalty.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accept responsibility for the adequacy or accuracy of this
release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable
securities legislation. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects", "is expected", "budgets", "scheduled",
"estimates", "forecasts", "predicts", "projects", "intends",
"targets", "aims", "anticipates" or "believes" or variations
(including negative variations) of such words and phrases or may be
identified by statements to the effect that certain actions "may",
"could", "should", "would", "might" or "will" be taken, occur, or
be achieved. Forward-looking statements include, but are not
limited to, the timing of vesting and settlement of RSUs, if at
all; the timing of vesting and exercise of Options, if at
all.
Forward-looking statements and information are based on
forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties, and contingencies.
Forward-looking statements and information are subject to various
known and unknown risks and uncertainties, many of which are beyond
the ability of Metalla to control or predict, that may cause
Metalla's actual results, performance or achievements to be
materially different from those expressed or implied thereby, and
are developed based on assumptions about such risks, uncertainties
and other factors set out herein, including but not limited to:
that the RSUs may not vest or be settled; that the Options may not
best or be exercised; and the other risks and uncertainties
disclosed under the heading "Risk Factors" in the Company's most
recent annual information form, annual report on Form 40-F and
other documents filed with or submitted to the Canadian securities
regulatory authorities on the SEDAR website at www.sedar.com and
the U.S. Securities and Exchange Commission on the EDGAR website at
www.sec.gov. Metalla undertakes no obligation to update
forward-looking information except as required by applicable law.
Such forward-looking information represents management's best
judgment based on information currently available. No
forward-looking statement can be guaranteed, and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements.
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SOURCE Metalla Royalty & Streaming Ltd.
